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Sunday, August 21, 2016

Foreign Tourist Spending Down In Japan In July

Above, the food area below the Tokyo Skytree. Photo by Armand Vaquer.

While the rising Japanese yen hasn't dampened the record numbers of foreign visitors to Japan, it has put a dent in the amount of spending by those visitors. This is part of the lingering effects of Brexit.

According to Financial Times, spending has fallen "by a fifth year on year in July" despite the record number of visitors. This may prompt the Japanese government to take action to weaken the currency.

To read more, go here.

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